Office Unit with Reception
For Sale
Contact for pricing
203 E Tower Park Drive, Waterloo, IA 50701
Private offices, a reception area, signage opportunities, and a large parking area support day-to-day business operations.
Property Size9,246 SF
Price / SF$0.01
Days on Market100
Property Features for 203 E Tower Park Drive
General Information
Standard status
Active
Size
9,246 SF
Property subtype
Commercial
Zoning
c
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$50,685
Amenities
signage opportunities
1.13
9246
Building Details
Building Size
9,246 SF
Year Built
2000
Stories
1
Listing Agency:
Urban Acres Real Estate
(319) 393-0900
Listed By:
Star Horak
(319) 538-7671
Source:
Pinnaclerealtyia
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 14 at 8:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Acres Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,470-square-foot office unit provides a defined arrival experience with an entrance, lobby, and reception area, along with multiple private offices. The property was built in 2000 and includes a large parking area for occupants and visitors.
The office is located just off San Marnan Dr. in Waterloo at 203 E Tower Park Drive. Exterior signage opportunities provide a way to identify the business from the property. The site is zoned c.
The office is located just off San Marnan Dr. in Waterloo at 203 E Tower Park Drive. Exterior signage opportunities provide a way to identify the business from the property. The site is zoned c.
Key Highlights
- 1,470‑square‑foot office unit
- Entrance, lobby, and reception area
- Multiple private office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,627
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,540
$192.5K
Cap Rate 7%
$137,529
$137.5K
Cap Rate 9%
$106,967
$107.0K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$16.9K $11.52/SF
− Vacancy
−$4.1K −$2.79/SF
EGI
$12.8K $8.73/SF
− OpEx
−$3.2K −$2.18/SF
NOI
$9.6K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,540
Cap Rate 7%
$137,529
Cap Rate 9%
$106,967
Alternative Uses
Best Use
Office B
$137.5K
$120.3K – $160.5K
NOI $9,627 @ 7.0% cap · market cap 68,764.29%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $128,993 @ 7.0% cap · market cap 921,378.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Private offices, a reception area, signage opportunities, and a large parking area support day-to-day business operations.
Where is this office units located?
The property is located at 203 E Tower Park Drive Waterloo, IA.
What are key features of this property?
This property features: 1,470‑square‑foot office unit; Entrance, lobby, and reception area; Multiple private office spaces
